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Freddy's Frozen Custard & Steakburgers Drives Expansion Through Recent Reinvestment 

Fast-casual restaurant concept Freddy's announced today the signing of several multi-unit development agreements to further expand the brand's nationwide footprint. The growth will be led by seasoned franchisees in Freddy's existing system, bringing more than 30 new restaurants to target markets within New Mexico, Texas, Idaho, Arkansas, Oklahoma, Missouri, and Arizona. This announcement comes on the heels of a historic year of development for Freddy's, as the brand unveiled 62 new restaurants across the nation, including its 500th location...

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Jan 29 3:13 PM, Urner Barry



QDOBA Completes Whole Business Securitization, Providing Additional Liquidity to Supercharge Growth

QDOBA Restaurant Corporation (“QDOBA”), the leading fast-casual Mexican restaurant franchisor and portfolio company of Butterfly Equity (“Butterfly”), today announced the closing of its inaugural $305 million whole business securitization through Qdoba Funding LLC.

The transaction optimizes QDOBA’s capital structure for ongoing growth and provides meaningful interest expense savings. Proceeds from the transaction will be used primarily to refinance QDOBA’s existing senior debt facilities and provide liquidity to invest meaningfully in general corporate initiatives, such as remodeling more than 80 corporate restaurants and adding digital menu boards to... 

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Nov 30 9:25 AM, Urner Barry


Branded Hospitality Ventures and Results Thru Strategy Announce Partnership

Results Thru Strategy (RTS), strategic advisor to restaurant brands, technology companies, and investment firms, and Branded Hospitality Ventures (Branded), the leading investment and solutions platform dedicated to the hospitality and foodservice industry, today announced they had reached a partnership agreement.

Through this partnership, RTS will provide culinary, supply chain, and branding advising and consulting across operations, technology, marketing, and go-to-market strategy to Branded clients, partners and connections, which include emerging and growing restaurant brands and technology companies.

"We're excited to bring complementary resources to support...

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Nov 10 2:52 PM, Urner Barry


Beef Checkoff's Producer Communications Efforts Necessary to Shape Current, Future Programs

Since 1988, beef producers have funded the national Beef Checkoff by paying a mandatory $1 per head on the sale of live domestic and imported cattle, overseen by the Cattlemen's Beef Board (CBB) and the USDA. While the Beef Checkoff has been around for decades, some beef producers have questions about how their dollars are being spent. That's why the Beef Checkoff sets aside a very small percentage of its funds each year for the Producer Communications program...

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Oct 2 8:00 AM, Urner Barry


Gov. Kemp: CJ Foodville to Invest $47 Million in Hall County

Governor Brian P. Kemp today announced that CJ Foodville Corporation, a subsidiary of CJ Group, will invest more than $47 million in a new bakery and food processing facility in Gainesville, creating an estimated 285 jobs in Hall County.

“Our top-ranked workforce training program remains a crucial tool for our state as we prepare hardworking Georgians for opportunities in a range of sectors, including the food industry,” said Governor Brian Kemp. “With Georgia’s access to 80 percent of the U.S. market within a two-day drive...

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Sep 7 7:58 AM, Urner Barry


New Investments to Improve Monitoring and Reporting of Greenhouse Gas Emissions

Agriculture Secretary Tom Vilsack today announced the U.S. Department of Agriculture (USDA) will invest $300 million through President Biden’s Investing in America agenda to improve measurement, monitoring, reporting and verification of greenhouse gas emissions and carbon sequestration in climate-smart agriculture and forestry. The new investments, made possible by the Inflation Reduction Act, will advance priorities set by the broader Federal Strategy to Advance Greenhouse Gas Measurement and Monitoring for the Agriculture and Forest Sectors (PDF, 813 KB), which was...

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Jul 13 8:08 AM, Urner Barry


Brazil's JBS Reboots Plans to List Shares in New York

JBS SA, the world's largest meatpacker, on Wednesday proposed listing its shares in New York, in addition to Sao Paulo, offering a 2.2 billion-reais ($454 million) dividend to coax investors into backing the longstanding plan.

The one-time dividend of 1 real per share is conditional on the dual listing being approved, it said in a filing.

The proposed structure will use a Netherlands-based vehicle called JBS NV and have Class A shares with one voting right and Class B shares with 10 votes, JBS said...

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Jul 12 8:07 AM, Urner Barry


Upper Crust Food Service Announces Investment from Copley Equity Partners

Upper Crust Food Service, LLC , the leading contract food service management company serving Sorority and Fraternity houses on college campuses, as well as summer camps, across the United States, announced that it has received a significant minority investment from Copley Equity Partners, a private investment firm focused on middle market companies with strong growth opportunities. Terms of the transaction were not disclosed.

Late last year, Upper Crust announced a merger with College Chefs, another leading food service provider serving the Greek community. Today the combined company serves over 400 locations...

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Jun 28 1:16 PM, Urner Barry


Food System Stress Is Feeding Innovation and Investor Opportunities: PGIM Research

Vulnerabilities in our global food system have surfaced recently as the invasion of Ukraine, COVID-19 pandemic and climate change have disrupted the food supply — having a profound impact on food prices, monetary and fiscal policy, even political stability. However, these disturbances have also tilled the soil for much-needed innovation, and investors can play a major role in transforming the industry for the future, according to new research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc...

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May 12 8:05 AM, Urner Barry







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